7 Responses to “Two Posts on Energy Issues”

How about “Yawn, Sumner accidentally discovers he was a Keynesian all along.”

What is interesting to note is that after all these years of Sumner critiquing Keynesianism, the fact that he only recently learned what is in the first chapter of The General Theory shows he isn’t very well read in the very topics he chooses to speak. Kind of sad really.

On Figueres at the UN:
And to think that mere months ago we were worried that the world governments would have so much spare money flowing in from Piketty’s tax the wealthy-asset-base scheme that they would not be able to spend it all. Thank goodness that the UN has been able to offer a solution to the sundry governments’ looming problem.

I understand and accept the price analysis. I do, however, wonder what the baseline inflation adjuster is and, in the case of crude oil, is it the correct one? While I have not looked at the options, might a basket of minerals give a better basis?

Of course, as consumers, CPI works when looking at the pump whereas manufacturers would be interested in their Costs of Goods Sold.

Bob, on the latest Contra Krugman, I liked how you mentioned prescription opioids, but I wonder why none of you guys mentioned the word “Canada”, or, at least, emphasized the White American exceptionalism from the rest of the world. The other NYT commentators are just as bad; none of the top ones there mentioned Canada, either. A super-duper analysis would have mentioned Asians.